Can't help but notice that the market cap has dropped quite a bit and prices on the NXT AE are very low. What is the status of this project? I understand that a new dev team is now in control?? When will the beta version of the wallet be released?

I think it was a big scam. Announce something to happen, price increases..When the day come for the announcement, wallah nothing...
I think the earlier trades was just a show off (30 NXT/RSU), the dev probably intended to benefit from the scam. N abt lead developer badam, i sometime feel he is the developer of RSU and used Reserveshare as a sockpuppet to earn some quick buck.